MIRA INFORM REPORT

 

 

Report Date :

15.06.2012

 

IDENTIFICATION DETAILS

 

Name :

HAMAMOTO TECHNICAL CO LTD

 

 

Registered Office :

2-501-30 Kaminakacho Sabae Fukui-Pref 916-0016

 

 

Country :

Japan

 

 

Financials (as on) :

30.06.2011

 

 

Date of Incorporation :

September 1980

 

 

Com. Reg. No.:

2100-01-013154 (Fukui-Sabae)

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Manufacturer of metal mold, dies, jigs, eyeglass frames

 

 

No. of Employees :

110

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

NOTES:

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

 

ECGC Country Risk Classification List – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Japan

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

Company name

 

HAMAMOTO TECHNICAL CO LTD

 

 

REGD NAME

 

Hamamoto Technical KK

 

 

MAIN OFFICE

 

2-501-30 Kaminakacho Sabae Fukui-Pref 916-0016 JAPAN

Tel: 0778-52-2067      Fax: 0778-52-2980

 

URL:                 http://www.hamatec.co.jp

E-Mail address:            (thru the URL)

 

 

ACTIVITIES  

 

Mfg of metal mold, dies, jigs, eyeglass frames

 

 

BRANCHES

 

Nil

 

 

FACTORIES

 

At the caption address

 

 

OFFICERS

 

MASANARI HAMAMOTO, PRES

Yoshimasa Takahashi, s/mgn dir Norio Masuda, mgn dir

Tetsunari Hamamoto, dir             Tetsuya Maekawa, dir

Motoharu Tamura, dir                             Sachie Hamamoto, dir               

 

Yen Amount:     In million Yen, unless otherwise stated

 

SUMMARY    

 

FINANCES        FAIR                 A/SALES          Yen 3,371 M

PAYMENTS      REGULAR         CAPITAL           Yen 10 M

TREND UP                    WORTH            Yen 2,168 M

STARTED         1980                 EMPLOYES      110

 

 

COMMENT

 

MFR SPECIALIZING IN METAL MOLDS, DIES, EYEGLASS FRAMES.

 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

 

 

HIGHLIGHTS

           

The subject company was established originally in 1972 by Eisuke Hamamoto for making eyeglass frames, on his account.  Incorporated in 1980 the firm has been succeeded by his descendants.  Casanare is his son, who took the pres office in Aug 2003.  This is a specialized mfr of metal dies, molds, jigs, eyeglass frames, other metal working works.  Eyeglass frames are mostly produced on an OEM basis.  Exports the products to Europe, USA, China, other S/E Asian countries.  Domestic clients include major department stores, eyeglass stores, other. 

 

 

FINANCIAL INFORMATION

           

The sales volume for Jun/2011 fiscal term amounted to Yen 3,371 million, a 24% up from Yen 2,708 million in the previous term.  Demand for metal dies/molds/jigs was brisk from China and other S/E Asian countries.  Exports rose.  The recurring profit was posted at Yen 630 million and the net profit at Yen 303 million, respectively, compared with Yen 415 million recurring profit and Yen 262 million net profit, respectively, a year ago.

 

For the current term ending Jun 2012 the recurring profit is projected at Yen 640 million and the net profit at Yen 310 million, respectively, on a 4% rise in turnover, to Yen 3,500 million.   Business is seen steadily expanding. 

 

The financial situation is considered FAIR and good for ORDINARY business engagements. 

 

 

REGISTRATION

 

Date Registered:  Sept 1980

Regd No.:            2100-01-013154 (Fukui-Sabae)

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         80,000 shares

Issued:                20,000 shares

Sum:                   Yen 10 million

Major shareholders (%): Chieko Hamamoto (56), Masanari Hamamoto (17)

No. of shareholders: 14

 

Nothing detrimental is known as to the commercial morality of executives.

 

 

OPERATION

 

Activities: Manufactures metal molds & dies, jigs, eyeglass frames, their parts, others (--100%)

 

Clients: [Mfrs, wholesalers] Mitsukoshi, Uchidaya Co, Yabushita Eyeglasses, Seed Co, Vision Megane Corp, Yonezawa Co, other 

            No. of accounts: 300

            Domestic areas of activities: Nationwide

 

Suppliers: [Mfrs, wholesalers] Try-Eye Aitec Co, Yamauchi Matex Corp, BISO Japan Co, Wakayama Co, Katohachi Co, Nagai Co, other

 

Payment record: Regular

 

Location: Business area in Sabae City, Fukui-Pref.  Office premises at the caption address are owned and maintained satisfactorily.

 

Bank References:

Fukui Bank (Shinmei)

Hokuriku Bank (Shinmei)

Relations: Satisfactory

 

FINANCES

 (In Million Yen)

 

       Terms Ending:

30/06/2012

30/06/2011

30/06/2010

30/06/2009

Annual Sales

　

3,500

3,371

2,708

3,730

Recur. Profit

　

640

630

415

　

Net Profit

　

310

303

262

234

Total Assets

　

　

3,962

3,463

3,441

Current Assets

　

　

2,792

2,299

　

Current Liabs

　

　

384

257

　

Net Worth

　

　

2,168

1,858

1,654

Capital, Paid-Up

　

　

10

10

10

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

3.83

24.48

-27.40

-11.53

    Current Ratio

 

..

727.08

894.55

..

    N.Worth Ratio

..

54.72

53.65

48.07

    R.Profit/Sales

 

18.29

18.69

15.32

..

    N.Profit/Sales

8.86

8.99

9.68

6.27

    Return On Equity

..

13.98

14.10

14.15

 

Notes: Forecast (or estimated) figures for the 30/06/2012 fiscal term.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.79

UK Pound

1

Rs.86.37

Euro

1

Rs.70.07

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

----

NB

New Business

----

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                 Payment record (10%)

Credit history (10%)                    Market trend (10%)                                Operational size (10%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.